NFP Preview: speculation only at the extremes

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Summary

The jobs report will provide the final stamp for the rate hike, barring a total disaster. The low bar means that it will take a significant slowdown in wage growth to trigger second thoughts by the Fed, but they probably already have the data. On the other extreme, a leap in pay rises could move speculation to the other end: 4 rate hikes this year. 

Watch full analysis: Europe Market Open: Dollar dominates - but are markets getting ahead of themselves?

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